Morgan Advanced Materials (OTCMKTS:MCRUF) Sees Significant Decrease in Short Interest

Morgan Advanced Materials (OTCMKTS:MCRUF) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 252 shares, a drop of 85.5% from the July 30th total of 1,743 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 421 shares, the short-interest ratio is currently 0.6 days.

Morgan Advanced Materials Stock Performance

OTCMKTS MCRUF remained flat at $3.30 during trading on Friday. The company’s stock had a trading volume of 100 shares, compared to its average volume of 110. Morgan Advanced Materials has a 12-month low of $2.58 and a 12-month high of $3.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 1.23. The company has a 50 day moving average price of $3.01 and a 200-day moving average price of $3.00.

Morgan Advanced Materials Company Profile

Morgan Advanced Materials is a global engineering group specializing in the design, development and manufacture of advanced ceramic, carbon and composite materials. Founded in 1856 and headquartered in Windsor, England, the company serves a broad range of end markets by providing high-performance materials and components that enable critical applications in industries such as energy, electronics, aerospace, transportation and medical equipment.

The company’s portfolio includes engineered ceramics for thermal management and insulation, carbon materials for electrical and mechanical applications, and composite assemblies for wear-resistant and refractory uses.